The Issuance Of Open End Certificates On CASE 30 Index To Be Traded On Frankfurt And Stuttgart Stock Exchanges

In line with CASE ongoing plan to attract more foreign investments, CASE has granted a license to Deutsche Bank whereby the latter would issue Open End Certificates "EUR X-Pert Certificates" on CASE 30 Index to be listed and traded on Frankfurt and Stuttgart Stock Exchanges. The bank will issue 1 million certificates in Euro to be traded on Frankfurt and Stuttgart Stock Exchanges, starting 13 March 2006.

This issue is the second of its kind, following ABNAMRO issuance which took place in October 2005, whereby structured products are issued on the Exchange's in-house designed index, CASE 30 Index, to be traded in international markets.

These certificates will allow foreign investors and international institutions to invest safely in the Egyptian stock market, avoiding the risk of foreign exchange currency fluctuations. In other words, these open end certificates will serve as a hedging tool for the risk averse foreign investors, who stay away from trading on emerging markets fearing the instability of the foreign exchange markets.

Reflecting the foreign confidence in both the Egyptian economy and the Egyptian stock market, the Open End Certificates are expected to enhance the liquidity as well as the depth of the market.